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UPDATE 1-Elliott says it is the largest sharesholder at Pinterest

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(Adds Elliott statement)

Aug 1 (Reuters) - Elliott Investment Management on Monday said it had become the largest shareholder at Pinterest Inc and that it saw potential for growth at the photo pin-board company.

"Pinterest is a highly strategic business with significant potential for growth, and our conviction in the value-creation opportunity at Pinterest today has led us to become the Company's largest investor," Elliott Investment Management said. (Reporting by Yuvraj Malik in Bengaluru; Editing by Maju Samuel)